The Romanian Economic Reform Program

Author/Editor:

Dimitri G Demekas ; Mohsin S. Khan

Publication Date:

August 1, 1991

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

With the start of the process of its transition to a market economy in early 1990, Romania joined the ranks of other reforming Eastern European countries. At the starting point of its reform program, however, Romania was in a deep economic and institutional crisis and had no experience in even modest attempts to reform its economy. This paper outlines the main characteristics of the Romanian economic system before the reform, and presents the evolution of the reform program, as well as its achievements in the first year or so since it was launched.

Series:

Working Paper No. 1991/080

Subject:

Bank credit Banking Commercial banks Economic sectors Exports Financial institutions International trade Labor Privatization Tariffs Taxes

English

Publication Date:

August 1, 1991

ISBN/ISSN:

9781451850246/1018-5941

Stock No:

WPIEA0801991

Pages:

56

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